Washington Federal Inc (WAFD) - Net Assets
Based on the latest financial reports, Washington Federal Inc (WAFD) has net assets worth $3.03 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($27.29 Billion) and total liabilities ($24.26 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of Washington Federal Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.03 Billion |
| % of Total Assets | 11.1% |
| Annual Growth Rate | 6.88% |
| 5-Year Change | 42.97% |
| 10-Year Change | 53.85% |
| Growth Volatility | 7.75 |
Washington Federal Inc - Net Assets Trend (1989–2025)
This chart illustrates how Washington Federal Inc's net assets have evolved over time, based on quarterly financial data. Also explore WAFD asset base for the complete picture of this company's asset base.
Annual Net Assets for Washington Federal Inc (1989–2025)
The table below shows the annual net assets of Washington Federal Inc from 1989 to 2025. For live valuation and market cap data, see Washington Federal Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $3.04 Billion | +1.31% |
| 2024-09-30 | $3.00 Billion | +23.65% |
| 2023-09-30 | $2.43 Billion | +6.69% |
| 2022-09-30 | $2.27 Billion | +6.97% |
| 2021-09-30 | $2.13 Billion | +5.56% |
| 2020-09-30 | $2.01 Billion | -0.93% |
| 2019-09-30 | $2.03 Billion | +1.81% |
| 2018-09-30 | $2.00 Billion | -0.44% |
| 2017-09-30 | $2.01 Billion | +1.52% |
| 2016-09-30 | $1.98 Billion | +1.03% |
| 2015-09-30 | $1.96 Billion | -1.07% |
| 2014-09-30 | $1.98 Billion | +2.03% |
| 2013-09-30 | $1.94 Billion | +1.99% |
| 2012-09-30 | $1.90 Billion | -0.36% |
| 2011-09-30 | $1.91 Billion | +3.55% |
| 2010-09-30 | $1.84 Billion | +5.48% |
| 2009-09-30 | $1.75 Billion | +30.98% |
| 2008-09-30 | $1.33 Billion | +1.10% |
| 2007-09-30 | $1.32 Billion | +4.39% |
| 2006-09-30 | $1.26 Billion | +6.35% |
| 2005-09-30 | $1.19 Billion | +5.99% |
| 2004-09-30 | $1.12 Billion | +6.12% |
| 2003-09-30 | $1.06 Billion | +9.88% |
| 2002-09-30 | $960.72 Million | +9.92% |
| 2001-09-30 | $874.01 Million | +15.13% |
| 2000-09-30 | $759.16 Million | +1.22% |
| 1999-09-30 | $750.02 Million | -2.24% |
| 1998-09-30 | $767.20 Million | +6.90% |
| 1997-09-30 | $717.70 Million | +24.23% |
| 1996-09-30 | $577.70 Million | +0.31% |
| 1995-09-30 | $575.90 Million | +5.32% |
| 1994-09-30 | $546.80 Million | +12.46% |
| 1993-09-30 | $486.20 Million | +14.64% |
| 1992-09-30 | $424.10 Million | +15.12% |
| 1991-09-30 | $368.40 Million | +15.05% |
| 1990-09-30 | $320.20 Million | +15.47% |
| 1989-09-30 | $277.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Washington Federal Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 798.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.11 Billion | 69.28% |
| Common Stock | $154.41 Million | 5.08% |
| Other Comprehensive Income | $56.95 Million | 1.87% |
| Other Components | $722.51 Million | 23.77% |
| Total Equity | $3.04 Billion | 100.00% |
Washington Federal Inc Competitors by Market Cap
The table below lists competitors of Washington Federal Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
OliX PharmaceuticalsInc
KQ:226950
|
$2.35 Billion |
|
Ningbo Boway Alloy Material Co Ltd
SHG:601137
|
$2.35 Billion |
|
Immunome Inc
NASDAQ:IMNM
|
$2.35 Billion |
|
Terna Energy Societe Anonyme Commercial Technical Company
AT:TENERGY
|
$2.35 Billion |
|
Easyhome New Retail Group Co Ltd
SHE:000785
|
$2.35 Billion |
|
Krungthai Card PCL
BK:KTC
|
$2.35 Billion |
|
Zhejiang Shenghua Biok Biology Co Ltd
SHG:600226
|
$2.35 Billion |
|
Neptune Insurance Holdings Inc.
NYSE:NP
|
$2.35 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Washington Federal Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,000,300,000 to 3,039,575,000, a change of 39,275,000 (1.3%).
- Net income of 226,068,000 contributed positively to equity growth.
- Dividend payments of 99,264,000 reduced retained earnings.
- Share repurchases of 101,931,000 reduced equity.
- Other comprehensive income increased equity by 1,099,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $226.07 Million | +7.44% |
| Dividends Paid | $99.26 Million | -3.27% |
| Share Repurchases | $101.93 Million | -3.35% |
| Other Comprehensive Income | $1.10 Million | +0.04% |
| Other Changes | $13.30 Million | +0.44% |
| Total Change | $- | 1.31% |
Book Value vs Market Value Analysis
This analysis compares Washington Federal Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.94x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 9.76x to 0.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-09-30 | $3.63 | $35.46 | x |
| 1990-09-30 | $5.12 | $35.46 | x |
| 1991-09-30 | $5.87 | $35.46 | x |
| 1992-09-30 | $4.50 | $35.46 | x |
| 1993-09-30 | $5.10 | $35.46 | x |
| 1994-09-30 | $5.78 | $35.46 | x |
| 1995-09-30 | $6.16 | $35.46 | x |
| 1996-09-30 | $6.29 | $35.46 | x |
| 1997-09-30 | $7.76 | $35.46 | x |
| 1998-09-30 | $8.18 | $35.46 | x |
| 1999-09-30 | $8.34 | $35.46 | x |
| 2000-09-30 | $8.91 | $35.46 | x |
| 2001-09-30 | $10.62 | $35.46 | x |
| 2002-09-30 | $11.27 | $35.46 | x |
| 2003-09-30 | $12.42 | $35.46 | x |
| 2004-09-30 | $12.83 | $35.46 | x |
| 2005-09-30 | $13.57 | $35.46 | x |
| 2006-09-30 | $14.44 | $35.46 | x |
| 2007-09-30 | $15.03 | $35.46 | x |
| 2008-09-30 | $15.18 | $35.46 | x |
| 2009-09-30 | $19.68 | $35.46 | x |
| 2010-09-30 | $16.33 | $35.46 | x |
| 2011-09-30 | $17.11 | $35.46 | x |
| 2012-09-30 | $17.73 | $35.46 | x |
| 2013-09-30 | $18.48 | $35.46 | x |
| 2014-09-30 | $19.46 | $35.46 | x |
| 2015-09-30 | $20.36 | $35.46 | x |
| 2016-09-30 | $21.50 | $35.46 | x |
| 2017-09-30 | $22.48 | $35.46 | x |
| 2018-09-30 | $23.46 | $35.46 | x |
| 2019-09-30 | $25.26 | $35.46 | x |
| 2020-09-30 | $26.25 | $35.46 | x |
| 2021-09-30 | $29.30 | $35.46 | x |
| 2022-09-30 | $34.77 | $35.46 | x |
| 2023-09-30 | $37.18 | $35.46 | x |
| 2024-09-30 | $40.39 | $35.46 | x |
| 2025-09-30 | $37.87 | $35.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Washington Federal Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.44%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.03%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 8.78x
- Recent ROE (7.44%) is below the historical average (11.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 20.63% | 22.12% | 0.11x | 8.79x | $29.47 Million |
| 1990 | 19.64% | 22.33% | 0.11x | 8.28x | $30.88 Million |
| 1991 | 18.81% | 24.58% | 0.10x | 7.56x | $32.46 Million |
| 1992 | 19.31% | 29.52% | 0.10x | 6.58x | $39.49 Million |
| 1993 | 18.76% | 31.49% | 0.09x | 6.50x | $42.58 Million |
| 1994 | 16.97% | 31.21% | 0.08x | 7.00x | $38.12 Million |
| 1995 | 13.60% | 22.14% | 0.08x | 7.95x | $20.71 Million |
| 1996 | 13.83% | 19.48% | 0.08x | 8.85x | $22.13 Million |
| 1997 | 14.64% | 22.65% | 0.08x | 7.97x | $33.33 Million |
| 1998 | 14.57% | 23.71% | 0.08x | 7.35x | $35.08 Million |
| 1999 | 15.24% | 24.41% | 0.08x | 8.22x | $39.30 Million |
| 2000 | 13.92% | 20.79% | 0.08x | 8.85x | $29.76 Million |
| 2001 | 13.00% | 20.89% | 0.08x | 8.04x | $26.21 Million |
| 2002 | 15.45% | 28.43% | 0.07x | 7.69x | $52.31 Million |
| 2003 | 13.74% | 31.12% | 0.06x | 7.14x | $39.44 Million |
| 2004 | 11.77% | 31.43% | 0.06x | 6.40x | $19.85 Million |
| 2005 | 12.29% | 31.06% | 0.06x | 6.94x | $27.16 Million |
| 2006 | 11.33% | 26.20% | 0.06x | 7.18x | $16.83 Million |
| 2007 | 10.24% | 21.29% | 0.06x | 7.80x | $3.20 Million |
| 2008 | 4.68% | 8.55% | 0.06x | 8.85x | $-70.94 Million |
| 2009 | 2.76% | 6.94% | 0.06x | 7.21x | $-126.38 Million |
| 2010 | 6.44% | 15.13% | 0.06x | 7.32x | $-65.46 Million |
| 2011 | 5.83% | 16.53% | 0.05x | 7.05x | $-79.51 Million |
| 2012 | 7.27% | 22.77% | 0.05x | 6.57x | $-51.79 Million |
| 2013 | 7.82% | 28.15% | 0.04x | 6.75x | $-42.26 Million |
| 2014 | 7.96% | 28.02% | 0.04x | 7.46x | $-40.32 Million |
| 2015 | 8.20% | 27.63% | 0.04x | 7.45x | $-35.25 Million |
| 2016 | 8.30% | 27.62% | 0.04x | 7.54x | $-33.52 Million |
| 2017 | 8.65% | 28.80% | 0.04x | 7.61x | $-27.04 Million |
| 2018 | 10.21% | 31.31% | 0.04x | 7.95x | $4.16 Million |
| 2019 | 10.34% | 28.62% | 0.04x | 8.10x | $6.96 Million |
| 2020 | 8.61% | 24.49% | 0.04x | 9.33x | $-27.98 Million |
| 2021 | 8.64% | 28.14% | 0.03x | 9.24x | $-28.99 Million |
| 2022 | 10.39% | 32.22% | 0.04x | 9.13x | $8.90 Million |
| 2023 | 10.61% | 34.66% | 0.03x | 9.26x | $14.78 Million |
| 2024 | 6.67% | 13.96% | 0.05x | 9.35x | $-99.99 Million |
| 2025 | 7.44% | 16.03% | 0.05x | 8.78x | $-77.89 Million |
Industry Comparison
This section compares Washington Federal Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $552,557,300
- Average return on equity (ROE) among peers: 11.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Washington Federal Inc (WAFD) | $3.03 Billion | 20.63% | 8.01x | $2.35 Billion |
| Ameris Bancorp (ABCB) | $1.46 Billion | 8.31% | 6.86x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $5.70 Billion |
| ACNB Corporation (ACNB) | $74.01 Million | 9.97% | 11.77x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $129.12 Million | 4.21% | 5.71x | $135.98 Million |
| Alerus Financial Corp (ALRS) | $153.31 Million | 13.22% | 8.01x | $647.19 Million |
| Amalgamated Bank (AMAL) | $535.82 Million | 8.62% | 10.16x | $1.14 Billion |
| Amerant Bancorp Inc. (AMTB) | $901.22 Million | 12.53% | 7.48x | $962.39 Million |
| Arrow Financial Corporation (AROW) | $72.29 Million | 17.85% | 12.85x | $601.02 Million |
| Associated Banc-Corp (ASB) | $2.02 Billion | 12.80% | 9.17x | $5.20 Billion |
| AmeriServ Financial Inc (ASRV) | $65.10 Million | 11.83% | 10.90x | $62.60 Million |
About Washington Federal Inc
WaFd, Inc. operates as the bank holding company for Washington Federal Bank that provides lending, depository, insurance, and other banking services in the United States. The company provides deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts. It offers single-family residential, con… Read more